Chelyabinsk Pipe-Rolling Works has hosted an annual meeting of shareholders, who jointly own 98.3% of the voting shares. It was decided to distribute the net profit for 2017 in full, as well as a part of net profit of past years, to the total amount of 5.46 billion rubles to pay dividends. The size of…
Global rating agency Fitch has downgraded outlook for a BB- long-term issuer’s default rating of Russia’s Chelyabinsk Pipe-Rolling Plant, or ChelPipe, to Negative from Stable, it said in a statement. The Negative outlook reflects Fitch’s wariness about ChelPipe’s ability to reduce liabilities and the overall debt to funds from operations (FFO) ratio from 4x at…
The core owner of Russia’s Chelyabinsk Pipe-Rolling Plant (ChelPipe), Mountrise Limited, may buy a 49.89% stake of state-owned nanotechnology company Rusnano in Eterno, a white metallurgy joint venture with the plant, Rusnano said in a statement on July 26. The deal may be closed by the end of September. “Rusnano has completely fulfilled the task…
Chelyabinsk Pipe-Rolling Works has placed BO-001R-04 bonds in the amount of 10 billion rubles. The company intended to have 9-9.25% interest, but in the end it stood at 8.95%. Rosbank, BCS Global Markets, Raiffeisenbank, Renaissance Capital and Sovkombank have been the organizers of the placement. (Ukrainian metal)
The state-owned nanotechnology company Rusnano plans to sell its 49.89% stake in the Eterno facility, a white metallurgy joint venture with Chelyabinsk Pipe-Rolling Plant, or ChelPipe, for at least 4.72 billion rubles, Rusnano said in a statement on June 13. Preliminary bids are collected until July 5, the company plans to close the deal until…
Within the strategic cooperation with Transneft, Chelyabinsk Pipe-Rolling Works has modernized its machinery of large diameter pipe quality control. The investments totaled 244 million rubles. “Transneft is one of the key customers of ChTPZ. Taking into account their demands we have decided to modernize the machinery. The project has been carried out without stopping the…